Palomar Holdings, Inc. (PLMR) vs Selective Insurance Group, Inc. (SIGI)

Palomar Holdings, Inc. and Selective Insurance Group, Inc. are both Insurance Property & Casualty companies. Selective Insurance Group, Inc. is the larger, with a market value of $6.0B against $4.1B — 1.5× the size. Selective Insurance Group, Inc. trades at the lower P/E: 11.9× against 18.9×. Palomar Holdings, Inc. grew revenue faster over the last twelve months: 58.5% against 3.99%. Palomar Holdings, Inc. has the higher net margin (17.6% vs 9.23%) and the higher return on invested capital (14.1% vs 10.1%). Both pay a dividend; Selective Insurance Group, Inc. yields more (1.73% vs 0.29%). Across the 21 metrics below, Palomar Holdings, Inc. leads on 11 and Selective Insurance Group, Inc. on 10.

Valuation

Metric PLMR SIGI Insurance Property & Casualty median
P/E 18.93 11.94 11.90
P/S 3.32 1.08 1.24
P/B 4.16 1.81 1.86
Price to free cash flow 9.20 5.13 7.91
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.28% 8.38% 8.14%
Free cash flow yield 10.87% 19.48% 11.91%

Profitability

Metric PLMR SIGI Insurance Property & Casualty median
Gross margin 23.84% 41.83% 39.44%
Operating margin 23.84% 12.84% 14.71%
Net margin 17.60% 9.23% 10.47%
Free cash flow margin 36.66% 20.94% 18.60%
Return on equity 23.30% 15.35% 16.87%
Return on assets 6.10% 3.27% 3.49%
Return on invested capital 14.10% 10.07% 11.84%

Growth

Metric PLMR SIGI Insurance Property & Casualty median
Revenue growth (TTM) 58.45% 3.99% 5.51%
EPS growth (last fiscal year) 60.04% 131.89% 39.61%
Revenue growth, 5-year CAGR 39.06% 12.80% 9.23%
Net income growth, 5-year CAGR 99.37% 13.16% 10.09%

Health

Metric PLMR SIGI Insurance Property & Casualty median
Debt to equity 0.32 0.26 0.25
Current ratio 0.48 0.25 0.49
Net debt to EBITDA (0.41) 1.32 0.08

Dividend

Metric PLMR SIGI Insurance Property & Casualty median
Dividend yield 0.29% 1.73% 1.59%
Payout ratio 0.06 0.21 0.15

Size

Metric PLMR SIGI Insurance Property & Casualty median
Market cap 4.10b 6.00b 2.62b

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